• Cedar City |
  • Mesquite

  • More
  • More
  • Utah to Lose $32 Million in Budget Deal
    by kcsg.com news
    Published - 12/16/13 - 03:32 PM | 1 1 comments | 21 21 recommendations | email to a friend | print
    Budget Deal
    Budget Deal
    (WASHINGTON, DC) - Senator Mike Lee announced that under the recent Senate-House budget deal, the state of Utah would lose approximately $32 million in payments from the federal government.

    Under the Mineral Leasing Act, the federal government leases federal land for the development of energy, minerals and other materials, and shares the revenue with the states in which the leases are held. The revenue is currently split evenly between the states and the federal government. Section 302 of the budget deal would only decrease what the states receive, leaving the federal portion intact. That would mean a total reduction of $415 million for the states, with roughly $32 million coming from Utah.

    “It is unfortunate that the budget targets the mineral leasing program,” said Sen. Lee, who sits on the Senate Energy and Natural Resources Committee. “Many of Utah’s rural communities depend on this funding and we shouldn’t be pulling the rug out from under them when there are so many other wasteful and ineffective programs in the federal government to reform.”

    Comments-icon Post a Comment
    Jeremy Mccullough
    December 17, 2013
    This is a nice wake up call for Republicans who keep demanding a reduction of spending. Where do you think Federal spending goes? It goes to senior citizens as social security, the less fortunate as unemployment, our veterans and military service members, and health care professionals as Medicaid payments.

    Look at how far austerity is getting Greece. Not all government spending is bad. It doesn't just evaporate. It goes to benefit the people, who then spend and reinvest it in the local economies. The economics of bottom up economics make much more sense than do those where we hope the wealthy will let some of it trickle down after their coffers are full.

    If our extreme tea party legislators keep asking for cuts I'm afraid many of them will be directed at Utah.
    Submit an Event